Big 5 Sporting Goods (BGFV) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Big 5 Sporting Goods (NASDAQ:BGFV) from a strong sell rating to a sell rating in a report published on Tuesday morning, ValuEngine reports.

A number of other equities analysts have also recently commented on the company. TheStreet cut Big 5 Sporting Goods from a c- rating to a d+ rating in a report on Monday, January 14th. Zacks Investment Research raised Big 5 Sporting Goods from a hold rating to a buy rating and set a $3.00 target price on the stock in a report on Tuesday, April 30th.

NASDAQ BGFV opened at $2.77 on Tuesday. The firm has a market cap of $49.09 million, a PE ratio of -34.63 and a beta of 0.41. The company has a current ratio of 1.42, a quick ratio of 0.10 and a debt-to-equity ratio of 1.46. Big 5 Sporting Goods has a 1-year low of $2.22 and a 1-year high of $9.75.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, April 30th. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. Big 5 Sporting Goods had a positive return on equity of 0.81% and a negative net margin of 0.06%. The company had revenue of $245.29 million for the quarter, compared to analysts’ expectations of $246.64 million. As a group, analysts forecast that Big 5 Sporting Goods will post 0.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.05 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.20 dividend on an annualized basis and a yield of 7.22%. Big 5 Sporting Goods’s dividend payout ratio is currently -250.00%.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Big 5 Sporting Goods by 1.4% in the 3rd quarter. BlackRock Inc. now owns 2,945,980 shares of the company’s stock worth $15,023,000 after purchasing an additional 40,886 shares during the period. Towle & Co. raised its holdings in Big 5 Sporting Goods by 86.4% in the 4th quarter. Towle & Co. now owns 2,214,852 shares of the company’s stock worth $5,736,000 after purchasing an additional 1,026,702 shares during the period. Vanguard Group Inc raised its holdings in Big 5 Sporting Goods by 5.3% in the 3rd quarter. Vanguard Group Inc now owns 1,238,540 shares of the company’s stock worth $6,316,000 after purchasing an additional 62,569 shares during the period. Vanguard Group Inc. raised its holdings in Big 5 Sporting Goods by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,238,540 shares of the company’s stock worth $6,316,000 after purchasing an additional 62,569 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Big 5 Sporting Goods by 24.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 717,812 shares of the company’s stock worth $2,283,000 after purchasing an additional 141,973 shares during the period. 54.27% of the stock is currently owned by institutional investors.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

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